TREE NEWS update: Standard Chartered’s Geoff Kendrick suggested Bitcoin could reach its $126,000 all-time high after Oct. 6 as spot ETF inflows recover, questioning the bank’s own $100,000 year-end forecast as potentially too low. The statement reflects renewed optimism for Bitcoin’s price trajectory amid recovering institutional interest.
Standard Chartered Questions $100K BTC Year-End Call, Says May Be Too Low
A bank publicly revising its own year-end target is a signal about how institutional desks are reading ETF flow data, not just price. The notable shift is the framing: the forecast is being questioned as too low, which suggests recovering spot ETF inflows are being treated as the primary driver of the next leg rather than macro or halving dynamics. Whether that inflow recovery holds, and whether other sell-side desks follow with similar upward revisions, is the open question worth watching.
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